Keppel FELS Delivers Second Jackup Rig to Oro Negro

Keppel FELS delivered a second KFELS B Class jackup rig to offshore Mexican oil field services company, Integradora de Servicios Petroleros Oro Negro. Named Laurus at Keppel FELS today, the rig was delivered eleven days early and with a perfect safety record, Keppel noted.

Laurus is the second of two high-specification jackup rigs that Keppel FELS has built for Oro Negro which will be chartered to PEMEX, Mexico's national oil company, for deployment in offshore Mexico. The first rig, Primus, was delivered in December last year.

Mr. Wong Kok Seng, Managing Director (Offshore) of Keppel Offshore & Marine and Managing Director of Keppel FELS, said, "This delivery is the eighth by Keppel FELS this year, and in a year where we aim to deliver a record 20 rigs.

Mexico is one of the 10 largest oil producers in the world, with close to 14 billion barrels of oil in reserves as of 1 January 2013. National oil company, PEMEX, plans to invest up to $25.3 billion in 2013, of which $20 billion will be targeted at upstream activities.

Developed by Keppel's technology arm, Offshore Technology Development (OTD), the KFELS B Class jackup design is able to operate in water depths of up to 400 feet and drill to depths of 30,000 feet. The robust rig incorporates Keppel's advanced and fully-automated high capacity rack and pinion jacking system, and Self-Positioning Fixation System. An environmentally-friendly rig, it provides maximum uptime with reduced emissions and discharges.

There are currently two KFELS B Class jackup rigs in operation in Mexican waters - the Tonala rig operated by Peforadora Central and the Ocean Scepter rig operated by Diamond Offshore(DO1.F).

Keppel FELS is currently building two KFELS B Class jackup rigs for PEMEX as well as another four for Grupo R and two for CP Latina. Its sister yard, Keppel AmFELS in Brownsville, Texas recently delivered a jackup rig to Perforadora Central last month with another due for delivery in 1Q 2014.
www.kepcorp.com

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